Crossrail delayed as government provides £1.3bn loan

Crossrail Elizabeth Line

The opening of Crossrail has been delayed again as Transport for London says the project needs an additional £1.7bn to be completed.

The Department for Transport is loaning £1.3bn for the scheme and the Greater London Authority is providing £100m in cash in order to cover the funding shortfall, which KMPG said could run to up to £1.7bn. 

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